Technische Universität München
TUM spin-offs take all three podium positions
TECHNICAL UNIVERSITY OF MUNICH
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NEWS RELEASE
TUM spin-offs take all three podium positions
Start-ups win Munich Business Plan Competition
In the Munich Business Plan Competition, the top three spots were claimed by start-ups incubated at the Technical University of Munich (TUM). The winner, prezise.ai, offers software that enables online shoppers to take their own body measurements. In second place was m-Bee, which has developed a new battery storage technology. Orbem, which has developed a method for identifying the sex of poultry embryos still in the egg, won third prize.
The Munich Business Plan Competition is among the most established German start-up contests of its kind. Organized by the Bavarian start-up network BayStartUP, the competition awards prizes totalling 30,000 euros to the three winners. This year all three of them are from TUM:
1st place: prezise.ai
Many online shoppers end up returning clothing that does not fit. The start-up prezise.ai has developed a scanning process that lets shoppers take their own measurements just by turning around in front of a simple smartphone camera. The software generates a 3D model using computer vision and deep learning methods. Existing processes were either less precise or required more sophisticated technologies than a smartphone.
2nd place: m-Bee
Battery storage systems in common use today consist of a central inverter and a high-voltage battery with modules permanently connected to each other. If one component fails, the entire system becomes unstable. The electronic system designed by the start-up m-Bee replaces the central inverter with power management boards. These enable the other modules to keep working if one becomes unavailable. The technology also increases energy efficiency, reduces maintenance time and improves safety.
3rd place: Orbem
Every year poultry breeders kill millions of male chicks, for which they have no use, and destroy unfertilized eggs because they can't be identified. The start-up Orbem is marketing an imaging technology that provides a non-invasive method for detecting the fertilization status of eggs or the sex of the embryo inside. The process, which is based on magnetic resonance imaging (MRI technology), was developed at the Munich School of Bioengineering.
Getting a start at TUM
The three winning start-ups received support from the TUM start-up advising service and professors as mentors. The prezise.ai team got together at the Center for Digital Technology and Management (CDTM). The center, which is jointly run by TUM and LMU Munich, offers a supplementary program where students design new technologies, use them to develop real products, and prepare to set up companies. The Orbem team took part in the Global Food Venture Program of EIT Food, an EU consortium headed by TUM. Orbem and m-Bee received the IdeAward from TUM in 2018, which recognizes excellent business ideas.
More information:
Every year more than 70 companies are established at TUM. TUM and UnternehmerTUM, the Center for Innovation and Business Creation, offer programs tailored to the various start-up phases - from creating the business model to management training, market launch or a possible IPO. According to the survey "Start-up Radar", it is the best program of its kind at a major German university.
https://www.tum.de/en/tum-business/entrepreneurship/
The Technical University of Munich (TUM) is one of Europe's leading research universities, with around 550 professors, 41,000 students, and 10,000 academic and non-academic staff. Its focus areas are the engineering sciences, natural sciences, life sciences and medicine, combined with economic and social sciences. TUM acts as an entrepreneurial university that promotes talents and creates value for society. In that it profits from having strong partners in science and industry. It is represented worldwide with the TUM Asia campus in Singapore as well as offices in Beijing, Brussels, Cairo, Mumbai, San Francisco, and São Paulo. Nobel Prize winners and inventors such as Rudolf Diesel, Carl von Linde, and Rudolf Mößbauer have done research at TUM. In 2006, 2012, and 2019 it won recognition as a German "Excellence University." In international rankings, TUM regularly places among the best universities in Germany.